Beyond Budgeting Masterclass hos Bouvet i Oslo 4-5 juni.

Feedback fra forrige Masterclass: Ekstremt erfaren og kompetent kursleder, veldig flink til å involvere og engasjere. Bra og nyttig kurs! Inspirerende og lærerikt!
bit.ly/3NkvSNl

Being denied a loan in April because “the bank is only open in October” is unthinkable. Even more any money left on your bank account by year end will be confiscated. Unthinkable, untill we think of the budgeting prosess. Check out Beyond Budgeting at BBRT.org.

4-5 juni holder jeg en Beyond Budgeting Masterclass hos Bouvet i Oslo. Feedback fra forrige Masterclass:
Meget erfaren og kunnskapsrik kursleder. Inspirerende! Nyttig og lærerikt! Veldig bra! Ekstremt kompetent kursholder med dyp kunnskap.

Påmelding her: bit.ly/3NkvSNl

So many want to control and manage, while so few want to be controlled and managed

We seem to have forgotten that «a target is not the target». Performance is not about hitting a given number. What we want is the best possible performance, given the circumstances. Setting targets is one way of achieving this, but not the only way, and often not the best way.

'The budget is in the best case totally unnecessary, and in the worst case actively harmful'. Jan Wallander - former CEO Handelsbanken (RIP)

19-20 mars kjører jeg en todagers Beyond Budgeting masterclass i Oslo. Påmelding her bit.ly/3NkvSNl

Beyond Budgeting starts, but does not end with challenging budgeting. It challenges traditional management; that employees can't be trusted and that the future is predictable and planable.

Control is expensive. Trust is free. Do the math. Don't throw everybody in jail just because someone abuse it, but deal firmly with trust abusers.

Handelsbanken UK with record results. Here is UK CEO Mikael Sørensen:

'Our results reflect the success of our unique management model, with a never-ending commitment to customer satisfaction. We have never used short-term incentives like sales targets or individual bonuses.'

Individual bonus is nothing but managerial laziness. It is easy to dangle carrots, it doesn’t take much leadership.

Individual bonus is nothing but laziness. It is easy to dangle carrots, it doesn’t take much leadership.

Going Beyond Budgeting is not just about changing what we do. It is even more about changing how we think, which is the hardest part.

There are many issues with targets. How do we know upfront, with a lot of uncertainty, what the right number is? What we really want is the best possible performance, given the circumstances. This can only be assessed afterwards, not decided upfront.

A budget guarantees that planned cost is spent, but sadly not that planned revenue is earned.

If your management model assumes that the future is predictable, you are in big trouble. If it also assumes that your employees can’t be trusted, you are in even bigger trouble.

We have forgotten that «a target is not the target». Performance is not about hitting a given number. What we want is the best possible performance, given the circumstances. Setting targets is one way of achieving this, but not the only way, and often not the best way.

Detailed budgets are great for managers who don't like to make decisions. Someone decided for you. You even have someone to blame!

If individual bonus is so important for motivation, how come executives need the biggest dose? Shouldn't these be some of the most exciting places to work?

Those believing Beyond Budgeting is just about budgets are just as wrong as those thinking Agile is just about software development.